Poging GOUD - Vrij
IBC May Skirt Lender Row for Cos' Revival
Mint Mumbai
|September 03, 2025
The change is expected to prevent situations like inter-creditor disputes delaying debt resolution plans of firms
A move that will facilitate a quicker turnaround of insolvent companies, the government has proposed a key change to the country's bankruptcy law that will let the firms' revival plans move ahead even if the lenders are locked in disputes over how to share the proceeds, two people aware of the discussions within the government said.
A provision in the Insolvency and Bankruptcy Code (Amendments) Bill, 2025, tabled in Parliament, allows tribunals to first approve a firm's resolution plan and take up disputes among creditors on distribution later, they said.
Dit verhaal komt uit de September 03, 2025-editie van Mint Mumbai.
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